Cunningham Jeff 4

What Happened Jeff Cunningham, Chief Technology Officer of HealthStream, Inc. (HSTM), was granted 2,911 restricted stock units (RSUs) on March 18, 2026. The award is reported as an acquisition-type (A) derivative at $0.00 per unit (no cash paid). These RSUs are a compensation award that represent the contingent right to receive one share per RSU upon vesting.

Key Details

• Transaction date: 2026-03-18 (reported on Form 4 filed 2026-03-24).
• Grant: 2,911 RSUs; reported price $0.00 (derivative award).
• Vesting schedule (per filing): 15% vest on 3/18/2027; 20% on 3/18/2028; 30% on 3/18/2029; 35% on 3/18/2030.
• Each RSU converts to one share upon vesting (footnote).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Form 4 was filed six days after the transaction date and appears later than the typical two-business-day reporting requirement (no reason for delay provided).

Context RSUs are a common form of executive compensation and do not represent immediate share ownership or a market purchase — the recipient only receives shares if and when units vest. Such grants are routine and tied to continued service; they should be interpreted as compensation rather than a direct bullish or bearish trading signal. Retail investors may watch the vesting dates and subsequent Form 4s for any future sales or actual issuance of shares.